News
DTI planning to shut down liability firm after investigation
The Secretary of State for Trade and Industry has presented a petition in the High Court to wind up in the public interest Chafford Insurance Consultants Limited following investigations by the DTI’s Companies Investigations Branch.
RSA launches mid-size commercial proposition
Royal and Sun Alliance’s commercial division has launched a new broker proposition targeted at those bringing in up to £250 000 of premium income.
Converium completes $420m capital raising
Converium has reached agreement with a syndicate of banks on underwriting a capital increase of CHF 533 million (approximately $420 million), subject to conditions. Credit Suisse First Boston and JP Morgan are leading the underwriting. The capital…
Florida braces for Frances
Florida is getting ready for the arrival of Hurricane Frances, the second major hurricane to impact the State in the space of a month.
Chubb to re-launch mid-market commercial package
Chubb Insurance has upgraded its packaged commercial product, including eight additional covers offered free to most customers.
IRM unveils exhibition plans
The Institute of Risk Management has unveiled the first details of its inaugural education exhibitio...
PMI tops the perks list
Private medical insurance is seen as a better perk than a company car or a pension, according to a s...
Time to test yourself
A selection of questions from various past-CII qualification papers. Whether studying for Chartered Insurance Institute exams or just want to test yourself, see how you do
Practical advice
Careers Clinic
First Assist lauds council
Health insurer First Assist has applauded York City Council for becoming the first UK public body to...
Miller opens Hong Kong office
Miller has opened an office in Hong Kong - Miller Insurance Services (Hong Kong) - in support of its new business drive in Northern Asia and Greater China.
S&P revises outlook on Tokio Millennium Re
Standard & Poor's (S&P) has revised its outlook on Tokio Millennium Re (TMRe) from negative to stable.
Experian acquires risk modelling supplier
Intermediary Systems Limited, the risk modelling and analytics company for the insurance industry, has been acquired by Experian, for an undisclosed fee.
Lloyd’s broker GAL sets ambitious targets following acquisition
A consortium led by Brian Fuller and Andrew Graham has successfully completed the acquisition of the Lloyd’s wholesale broker Griffiths & Armour, from its former owner Griffiths & Armour Holdings, and plans to achieve £100m in premiums by 2006.
St Paul Travelers announces Charley losses
St. Paul Travelers has announced that it estimates losses from Hurricane Charley to be approximately $140m, after tax and reinsurance.
FA kicks off deal with Davies Lavery
The Football Association Premier League has appointed Davies Lavery Solicitors to assist in its negotiations, advising on effective policy wording, to obtain centrally purchased personal accident and sickness cover for all Barclays Premiership clubs.
AM Best Co downgrades Converium
AM Best Co has downgraded the financial strength rating of Converium AG (Switzerland) to B++ (Very Good) from A- (Excellent) and the company’s issuer credit rating to “bbb” from “a-”.
Community Broking Group reports strong growth of profits
Community Broking Group has reported a 35% growth in profit to £104 000 on 2003 in its interim results for the 6 months ended 30 June 2004.
ABI hits out at EL accusations
The Association of British Insurers has hit out at media speculation that it has shelved a feasability report into employers’ liability claims for long-tail diseases. "There is no truth is these rumours at all" said an ABI spokesman.
Hiscox to roll out an electronic channel
Hiscox is to roll out an electronic channel for brokers to access its high net worth products by the...
Asda launches campaign in Fire Safety Week
A third of the damage done to UK homes by fires last year was not covered by home insurance, leaving...
Scor reveals first-half results
French reinsurer Scor revealed its first-half 2004 results reflected a steady improvement in the tec...
Heath Lambert: new PFA signing
Broker Heath Lambert this week revealed plans to grow ties with major sporting and entertainment org...
Cybersettle ready to pilot in UK
Blind-bidding dispute resolution company Cybersettle is understood to be weeks away from sealing its...